Economy, asked by supersri6894, 1 year ago

Difference between supplier opportunity cost and customer willingness to pay

Answers

Answered by Anonymous

Customer Willingness to Pay (CWP):  The maximum amount of money the firm's customers are willing to spend in order to obtain the firm's product.  Total Value Created (TVC):  The difference between customer willingness to pay and supplier opportunity cost.

Answered by hinaguptagracy

Explanation:

value created by the firm in a triad (supplier- firm-customer) as the difference between the customer's willingness to pay and the supplier

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